Global demand for air travel increased by 5 percent on an annual basis in June, following a revised 4.7 percent increase in May. That was reported by the IATA aviation association. Aircraft worldwide were on average 84.4 percent full. According to IATA, that meant the high occupancy rate for the month of June ever.
IATA CEO Alexandre de Juniac speaks of continued solid demand for airline tickets, although June growth was less strong compared to a year earlier. He cites the continuing trade tensions between China and the US as one of the causes of the slowdown in growth. In addition, there are economically uncertain times in many regions, which is dampening the demand for tickets.
According to IATA, figures on capacity utilization indicate that airlines are doing everything they can to operate as effectively as possible.
Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.
